The National Bureau of Economic Research

International Monetary Fund Meeting

October 29, 2002

Martin Feldstein and Montek Ahluwalia, Organizers

2nd Floor

1050 Massachusetts Avenue

Cambridge, MA

PROGRAM



MONDAY, OCTOBER 28:



7:00 PM Reception and Dinner - Davio's Restaurant, Royal Sonesta Hotel



TUESDAY, OCTOBER 29:



8:30 AM Continental Breakfast



9:00 AM SESSION ON PROLONGED USERS PROJECT WITH

DAVID GOLDSBROUGH, International Monetary Fund

A session on the Prolonged Users Project, where Mr. David Goldsbrough, of the IMF will present the findings of the study and the recommendations by the IMF staff, followed by discussion.



Discussant: JOSEPH JOYCE, Wellesley College



10:30 AM Break



10:45 AM SESSION ON FISCAL ADJUSTMENT IN IMF PROGRAMS

MARCELO SELOWSKY, International Monetary Fund



This session will be an overview of issues emerging from this project at midstream. Mr. Marcelo Selowsky, of the IMF will make a presentation based on slides.



Discussant: ANDRES VELASCO, Harvard University and NBER



12:00 PM Lunch



1:30 PM SESSION ON PRELIMINARY RESULTS FROM THE IEO STUDIES ON INDONESIA, KOREA AND BRAZIL

SHINJI TAKAGI, International Monetary Fund

This last session will be a presentation by Mr. Shinji Takagi of the IMF based on a paper (which will be distributed by October 20, 2002). The presentation will be followed by discussion, one for each of the three countries.



Discussant: JOSEPH STIGLITZ, Columbia University and NBER



Background Materials

Long-term IMF programs -- background paper and executive summary available at - Independent Evaluation Office (IEO) of the IMF

JOSEPH JOYCE, Wellesley College

Through a Glass Darkly: New Questions (And Answers) About IMF Programs

GRAHAM BIRD, University of Surrey

MUMTAZ HUSSAIN, Northeastern University

JOSEPH JOYCE, Wellesley College

Many Happy Returns? Recidivism and the IMF

SHINJI TAKAGI, International Monetary Fund

Shinji Takagi's Presentation

DAVID GOLDSBROUGH, International Monetary Fund

David Goldsbrough's Presentation